Furnished
1508 Hillside Dr. S, North Myrtle Beach, SC 29582
For Sale
$645,000
Pending
Two matching residences offer furnished interiors, full kitchens, and approval for short-term rentals without HOA restrictions.
Property Size3,456 SF
Days on Market161
Property Features for 1508 Hillside Dr. S
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Amenities
on-site parking
Building Details
Year Built
Buildings
Listing Agency:
Century 21 Barefoot Realty
(843) 390-2121
Listed By:
Team
(843) 252-0847
Source:
Thenelsonteamsc
Added: Jun 2
Changed: Nov 9
Last Checked: Nov 9 at 10:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Barefoot Realty
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Investment Insights
Based on property information with market context.
This 3,456-square-foot duplex, built in 2004, contains two mirrored residences with a combined eight bedrooms and four bathrooms. Each side has four bedrooms, two bathrooms, an open living area, a full kitchen, pantry storage, updated countertops, and LVP flooring. Furnishings are included, and on-site parking serves the property. Short-term rentals are approved, and there is no HOA.
The property is two blocks from Crescent Beach. Main Street Ocean Drive, Barefoot Landing, Restaurant Row, golf, shopping, dining, and entertainment are also described as minutes away.
The property is two blocks from Crescent Beach. Main Street Ocean Drive, Barefoot Landing, Restaurant Row, golf, shopping, dining, and entertainment are also described as minutes away.
Key Highlights
- 3,456‑square‑foot duplex built in 2004
- Two mirrored residences; each has 4 bedrooms and 2 bathrooms
- Furnished interiors, full kitchens, pantry storage, and updated countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,301
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,020
$706.0K
Cap Rate 7%
$504,300
$504.3K
Cap Rate 9%
$392,233
$392.2K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$53.1K $15.36/SF
− Vacancy
−$2.7K −$0.77/SF
EGI
$50.4K $14.59/SF
− OpEx
−$15.1K −$4.38/SF
NOI
$35.3K $10.21/SF
Area
Horry County, SC
Vacancy
5.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,020
Cap Rate 7%
$504,300
Cap Rate 9%
$392,233
Alternative Uses
Best Use
Multifamily LT 5
$504.3K
$441.3K – $588.4K
NOI $35,301 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$455.8K
$398.8K – $531.7K
NOI $31,903 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$875.9K
$766.4K – $1.02M
NOI $61,312 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
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Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in North Myrtle Beach, SC
Properties on Market for Duplexes in North Myrtle Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer furnished interiors, full kitchens, and approval for short-term rentals without HOA restrictions.
Where is this duplex located?
The property is located at 1508 Hillside Dr. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 3,456‑square‑foot duplex built in 2004; Two mirrored residences; each has 4 bedrooms and 2 bathrooms; Furnished interiors, full kitchens, pantry storage, and updated countertops
